Oracle to acquire assets of financial reporting firm HyperRoll

Thursday, October 1, 2009

Oracle has agreed to acquire certain assets of HyperRoll, a provider of financial reporting accelerating software in a move to strengthen its Enterprise Performance Management software with additional reporting acceleration technology.

Oracle said that HyperRoll’s products will help it improve reporting performance, shrink the close cycle and improve visibility of financial data to line management. It expects that the addition of HyperRoll’s assets will improve the ability to report results with lower compliance costs.

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